We are not too worried about whether China will catch up or supersede Taiwan in terms of the chip manufacturing. As I said, China is still very strong at making the mature node chips, because they already have that supply chain. They already have an internal market of all kinds of electric appliances. They make the mature node chips, and there is a market to use them internally.
At the same time, that kind of chip may be only 50 nanometres, not mature at all, or not as advanced as 7 nanometres or even smaller, but those can be used in weaponry systems. That is the concern, but as I said, they didn't buy U.S. chips. The U.S. passed a law in October 2022—the CHIPS and Science Act—and then mobilized like-minded countries to work together. That is still going on. That effort reflects on the export control.
TSMC and other chip makers in Taiwan are not under the embargo or under the sanction with respect to exporting their chips to China, but those are the chips that China can make anyway, and certainly those more advanced chips that can only be made in Taiwan do not go to China at all.
China, because of this external pressure, is trying to really use the so-called whole-of-government approach to break the bottleneck. They want to have their own very advanced chips. They claim that they are able to make some—like 7-nanometre or 5-nanometre chips—but they are actually talking about making them in a lab.